Financial writer Philip Coggan traces the current global financial crisis to the 1970s, when the U.S. went off the gold standard.
"Up till then, every form of money had some link to precious metal: gold or silver," Coggan, author of a new book, Paper Promises: Debt, Money and the New World Order, tells Morning Edition co-host Renee Montagne.
During his pending trip to the United States, Chinese Vice President Xi Jinping hopes to reunite with Iowans he met back in 1985, during an agricultural mission to America. Here, Xi attends a meeting with Vice President Joe Biden last August.
China's Vice President Xi Jinping is coming to America. Next week, he'll meet with President Obama at the White House. He'll lead a trade delegation to California. And he also plans to make a stop in Muscatine, Iowa.
Why Muscatine? It turns out that Xi wants to catch up with old acquaintances — he first visited the town (population 22,886) in the 1980s, as part of an agricultural mission.
Back then, the man who is likely to soon become China's president had dinner with Sarah Lande and her husband.
GOP presidential front-runner Mitt Romney is reaching out to social conservatives in a new way. At a rally in the gym at Arapahoe High School in Centennial, Colo., Monday night, Romney rolled out some new material: the rights given to people by God.
"I am just distressed as I watch, as I watch our president try and infringe upon those rights," Romney said to the capacity crowd. "The first amendment of the Constitution provides the right to worship in the way of our own choice."
In the central Mexican state of Zacatecas, 76-year-old Genaro Rodarte Huizar rides his donkey along a dry riverbed. On his left is a dried out pasture; on his right is what used to be a cornfield; now it's just long furrows of gray, dusty dirt.
Rodarte says that for the past two years, the crops that he's planted here have failed. Normally, he plants beans and corn to feed his family, and oats to sell. He says he hasn't harvested anything because the land is too dry and there's no water.
Venezuelan opposition leader Henrique Capriles (center) waves to supporters on Oct. 12, 2011. Capriles is the front-runner in the opposition primary election to pick a candidate to run against President Hugo Chavez. The primary is scheduled for Feb. 12.
The opposition to Venezuelan President Hugo Chavez has tried everything to end his long rule: huge protests, a coup and an oil strike. Nothing has worked, but now opposition leaders have coalesced into a united and focused movement that is preparing to choose one candidate to run against the president, posing the strongest electoral challenge to Chavez's populist rule.